Home Must Reads Oregon lawmakers seek rainy day fund

Oregon lawmakers seek rainy day fund

| Print |  Email
Must Reads
Tuesday, May 28, 2013

House Bill 2315 hopes to create a dedicated source of funding for Oregon's reserve funds.

The bill would dedicate 1 percent of the $16 billion in tax revenue Oregon collects to the school stabilization fund and another 1 percent to the state’s rainy day fund whenever unemployment in the state dropped below 6 percent. Currently, Oregon's unemployment rate stands at 8 percent.

That could produce $320 million in savings that could be tapped to pay for schools and services during economic downturns. Barton said the state’s status quo, which relies on some lottery funds and leftovers from the budget process for reserves, doesn’t work.

Read more at OregonLive.com.

{biztweet}oregon reserve{/biztweet}

 

More Articles

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


Read more...

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS